B2B drives market demand, with B2B spending representing 71.8% of total demand in 2023. CJ Logistics Corp is the largest company in South Korea, generating 12.6% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 16.0% of total production value in 2023. The total number of companies increases in 2023, to 902,788 units. The costs of the industry increase by 4.3% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 21.6% of turnover in 2023, the 16th highest regionally. With turnover of USD49.8 billion, South Korea accounts for 3.8% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Road Passenger and Freight Transport in South Korea: ISIC 602. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Road Passenger and Freight Transport in South Korea: ISIC 602 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cargo handling, warehousing and travel agencies, communications, and transport.
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